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59 Brybeck Crescent Kitchener, ON N2M 2C5
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Key Details
Sold Price $1,349,900
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 4,112 sqft
Price per Sqft $328
MLS Listing ID 40671216
Sold Date 01/08/25
Bedrooms 12
Abv Grd Liv Area 6,168
Originating Board Waterloo Region
Year Built 1969
Annual Tax Amount $9,508
Property Description
ATTENTION VALUE-ADD INVESTORS! This purpose built sixplex currently consists of large 2 bedroom units generating $83k/yr in gross income. With a design to renovate and optimize this property adding 4 additional units, this property could generate over $211k/yr in gross income. This project is also a great opportunity to take advantage of the CMHC MLI Select program offering competitive interest rates and 40+yr amortizations. As per Bill 23 in Ontario any projects 10 units and under are exempt from site-plan approval. This project has not yet applied for permit but preliminary discussions with the city have been positive. Buyer to do their own due diligence. Reach out today for more information and for current and projected financials.
Location
Province ON
County Waterloo
Area 3 - Kitchener West
Zoning R6
Direction Westmount to Brybeck
Rooms
Other Rooms None
Basement Full, Finished
Kitchen 0
Interior
Heating Natural Gas, Radiant, Radiator
Cooling Other
Fireplace No
Appliance Water Softener, Refrigerator, Stove
Laundry Coin Operated
Exterior
Exterior Feature Balcony
Parking Features Asphalt, Mutual/Shared
Roof Type Asphalt Shing
Street Surface Paved
Lot Frontage 75.0
Lot Depth 165.0
Garage No
Building
Lot Description Hospital, Public Transit, Schools, Shopping Nearby
Faces Westmount to Brybeck
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Brick
New Construction No
Others
Senior Community false
Tax ID 224380094
Ownership Freehold/None
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